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Yes Bank- DHFL fraud case: ED attaches assets worth Rs 415 cr

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Enforcement Directorate has attached assets totalling Rs 415 crore in Yes Bank- DHFL Fraud case.

Of the total, Rs 251 crore assets were of Sanjay Chhabria and Rs 164 crore of Avinash Bhosale. ED issued two provisional attachment orders under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) against the duo. With this latest attachment, the total goes up to Rs 1,827 crore, the enforcement agency said.

The attached assets of Sanjay Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in the land parcel, located at Bengaluru worth Rs 115 Crore, a flat located at Santacruz, Mumbai worth Rs 3 crore, profit receivable from hotel belonging to Chhabria located at Delhi Airport worth Rs 13.67 crore and three high-end luxury cars worth Rs 3.10 crore.

Further, attached assets of Avinash Bhosale were in the form of a duplex flat belonging to Bhosale, located in Mumbai worth Rs 102.8 crore, one land parcel located at Pune worth Rs 14.65 crore, one more land parcel located at Pune worth Rs 29.24 crore, a land parcel located at Nagpur worth Rs 15.52 crore and another portion of land located at Nagpur to the extent of Rs 1.45 crore.

ED has initiated an investigation against Rana Kapoor of Yes Bank and Kapil Wadhawan and Dheeraj Wadhawan Promoters of DHFL on the basis of an FIR registered under relevant sections alleging that Rana Kapoor had entered into a criminal conspiracy with Kapil Wadhawan, Promoter Director of M/s DHFL and others for extending financial assistance to M/s DHFL by Yes Bank Ltd. in lieu of substantial undue benefit to himself and his family members through the companies held by them.

Rana Kapoor through M/s Yes Bank Ltd invested Rs 3,700 crore in the short-term non-convertible debentures of DHFL and Rs 283 crore in Masala Bonds of DHFL. Simultaneous to this investment made by Yes Bank in DHFL, Kapil Wadhawan through DHFL paid a kickback of Rs 600 crore, in the garb of a loan, to one of Rana Kapoor’s beneficially owned companies namely M/s DOIT Urban Ventures (India) Pvt. Ltd.

The investigation further revealed that immediately after the said transfer of funds to the tune of Rs 3,983 crore by Yes Bank to DHFL appraised and sanctioned loans to Radius Group of Sanjay Chhabria and received funds to the tune of Rs 2317 crore as loan from DHFL in the name of development of his project “Avenue 54” at Santacruz, Mumbai and then Sanjay Chhabria diverted the same without using it for the declared purpose.

Further, it was revealed that Sanjay Chhabria further connived with Avinash Bhosale and diverted funds to Avinash Bhosale in his various beneficially owned companies.

Apart from this, Bhosale had connived with Kapil Wadhawan of DHFL and received approximately Rs 71.82 crore from DHFL in the garb of providing certain services to DHFL and other entities. However, the said so-called services have never been provided and the same was utilized by Avinash Bhosale for his beneficial use.

ED had earlier attached properties worth Rs 1,412 Crore, seized 5 high-end vehicles of Wadhawans having an approximate value of Rs 12.59 crore of Wadhawans and also attached properties worth Rs 600 crore of Rana Kapoor in Yes bank -DHFL fraud case and has arrested Kapil Wadhawan on Dheeraj Wadhawan, Rana Kapoor earlier this year who are still in judicial custody.

ED has also arrested Sanjay Chhabria and Avinash Bhosale in June and both are in judicial custody.

CNG price goes up by Rs 6 per kg, piped cooking gas by Rs 4 per unit in Mumbai

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The price of CNG in the Mumbai Metropolitan Region (MMR) will rise by Rs 6 per kg from Wednesday, pushing it to an all-time high of Rs 86 per kg.

The price of piped cooking gas will go up by Rs 4 per unit, also reaching a record level at Rs 52.50 per unit, impacting over 19 lakh households across MMR.

Netizens react to price hike

Jobless man in Borivali blackmailed neighbours with sex videos

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In Borivali’s plush housing complex numerous residents were targeted in a sextortion case by a jobless person who contacted them on Facebook by posing as a woman.

The person sent lewd images and videos to them and had sex chats for a few days.

Later on, threatened to circulate screenshots of the conversations on social media. A police investigation revealed the accused was a man living in the same building and looking to earn a quick buck as he was unemployed.

Nancy Pelosi says the US will not abandon Taiwan as China protests

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US House Speaker Nancy Pelosi, meeting leaders in Taiwan despite warnings from China, said Wednesday that she and other members of Congress in a visiting delegation are showing they will not abandon their commitment to the self-governing island.

“Today the world faces a choice between democracy and autocracy,” she said in a short speech during a meeting with Taiwan’s President Tsai Ing-wen. “America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad.” China, which claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments, announced multiple military exercises around the island and issued a series of harsh statements after the delegation touched down Tuesday night in the Taiwanese capital Taipei.

Taiwan decried the planned actions.

“Such an act equals to sealing off Taiwan by air and sea…and severely violates our country’s territorial sovereignty,” said Captain Jian-chang Yu at the National Defence Ministry’s media briefing Wednesday morning.

Pelosi’s trip has heightened US-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. She is the first speaker of the house to come to Taiwan in 25 years, since Newt Gingrich in 1997.

Tsai, thanking Pelosi for her decades of support for Taiwan, presented the speaker with a civilian honor, the Order of the Propitious Clouds.

“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.” Tsai later said in a news conference, “Military exercises are unnecessary responses.” Shortly after Pelosi landed, China announced live-fire drills that reportedly started Tuesday night, as well as a four-day exercise beginning Thursday in waters on all sides of the island.

China’s air force also flew a relatively large contingent of 21 war planes, including fighter jets, toward Taiwan.

Pelosi addressed Beijing’s threats, saying that she hopes it’s clear “while China has stood in the way of Taiwan going to certain meetings, that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support”.

Pelosi noted that support for Taiwan is bipartisan in Congress and praised the island’s democracy. She stopped short of saying that the US would defend Taiwan militarily, emphasising that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves”.

Her focus has always been the same, she said, going back to her 1991 visit to Beijing’s Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy, two years after a bloody military crackdown on protesters at the square.

That visit was also about human rights and what she called dangerous technology transfers to “rogue countries”.

Pelosi is visiting a human rights museum in Taipei that details the history of the island’s martial law era later Wednesday before she departs for South Korea, the next stop on an Asia tour that also includes Singapore, Malaysia and Japan.

Pelosi, who is leading the trip with five other members of Congress, met earlier Wednesday with representatives from Taiwan’s legislature.

“Madam Speaker’s visit to Taiwan with the delegation, without fear, is the strongest defence of upholding human rights and consolidation of the values of democracy and freedom,” Tsai Chi-chang, vice president of Taiwan’s legislature, said in welcome.

The administration of US President Joe Biden has sought to tone down the volume on the visit, insisting there’s no change in America’s longstanding “one-China policy,” which recognises Beijing but allows informal relations and defence ties with Taipei.

Pelosi said her delegation has “heft”, including Gregory Meeks, chair of the House Foreign Affairs Committee, and Raja Krishnamoorthi from the House Intelligence Committee.

She also mentioned Rep Suzan DelBene, whom Pelosi said was instrumental in the passage of a $280 billion bill aimed at boosting American manufacturing and research in semi-conductor chips – an industry in which Taiwan dominates that is vital for modern electronics.

Reps Andy Kim and Mark Takano are also in the delegation.

Malegaon blast case: BJP MP Pragya Singh Thakur’s bike linked to Explosives, says expert

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A forensic expert, the 261st witness to depose in the 2008 Malegaon blast case, told the special National Investigation Agency court on Tuesday that traces of ammonium nitrate were found on several articles, including the LML Freedom bike allegedly recovered from the blast site.

“Ammonium Nitrate is used as an explosive,” the witness told the court.

Monkeypox: 15 suspected patients across Maharashtra test negative

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Samples of 15 people across Maharashtra have tested negative for monkeypox, the latest viral infection sweeping across the globe.

State surveillance officer Dr Pradip Awate told the media “Samples of the 15 suspected patients were tested at the National Institute of Virology, Pune, or Kasturba Hospital, Mumbai, and they were negative for the monkeypox virus,”.

The state has refused to divulge the location of patients due to fear of stigmatization.

CWG 2022: Indian Lawn Bowls team creates history by winning Gold

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The Indian Lawn Bowls team created history by winning its first-ever medal in the sport, capturing Gold by defeating South Africa in the final of the women’s fours event at the ongoing Commonwealth Games 2022 in Birmingham on Tuesday.

The action was back and forth between India and their opponents, who are among the best teams in the sport with 44 medals. India were represented by Rupa Rani Tirkey, Nayanmoni Saikia, Lovely Choubey and Pinki Singh in this historic match. India won the match by 17-10.

India started the match with a lead before South Africa fought back to make things 2-2. India kept dominating their opponents as after End 7, the score read 7-2 in their favour.

After end 8, South Africa did get two points on the table, but India got one more, which widened their lead to 8-4. South Africa continued their fight back and made the scoreline read 8-6 after End 9, though India still had a two-point lead.

After End 10, the scores stood level at 8-8. India fumbled their lead after End 11 as South Africa was leading them by two points at 8-10. Things started to turn in favour of India once again after End 13, as they scored two more points to gain a 12-10 lead once again.

They continued to build on their renewed momentum and extended their lead to 15-10. India never looked back from there and ended the match with Gold in their hands, while South Africa had to settle for silver.

Earlier, in the day, the Indian Women’s Triples team consisting of Tania Choudhary, Pinki and Rupa Rani Trikey defeated New Zealand in their round one match by 15-11 after 18 ends. But in the women’s pairs category, Team India consisting of Lovely Choubey, Nayanoni Saikia was defeated by New Zealand by a margin of 9-18.

Earlier on Sunday, India’s Lawn Bowls men’s pairs team of Dinesh Kumar and Sunil Bahadur progressed to the quarterfinals of their event after a win over England in their Section C match. Tania Choudhary on the other hand broke her losing streak in Lawn Bowls by defeating Shauna O’Neill of Northern Ireland by 21-12 after 19 ends.

Despite winning the match, she failed to qualify for the quarter-finals as she had registered three straight losses against Dee Hoggan (Scotland), Arthur Almond (Falkland Islands) and Laura Daniels (Wales) previously. From 8:45 PM onwards, the focus will once again be on Lawn Bowls.

The men’s Fours team will kickstart their campaign against Fiji in Round 1 while the Women’s Triples team will be playing Round 2 against England.

Maha: Activists of rival Shiv Sena groups clash in Dombivli

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Hundreds of activists of the Shiv Sena’s rival clashed at the party’s office in Dombivili town of Maharashtra’s Thane district on Tuesday, police said.

According to the police, photographs of Chief Minister Eknath Shinde and his MP son Dr Srikant Shinde were removed from the party office.

Activists of the Shinde faction had arrived at the office during the day to hang the photographs back on the walls, but supporters of Uddhav Thackeray reached there and a clash erupted, an official said.

The local police rushed to the scene and brought the situation under control, he said.

In the end, Shinde’s supporters managed to hang the photographs on the wall, it was stated.

Two held in connection with woman’s murder in Bhiwandi

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Two persons were arrested from Uttar Pradesh in connection with the murder of a woman in Bhiwandi town of Maharashtra’s Thane district, police said on Tuesday.

The police on Monday apprehended Satyam Suresh Singh (24) and Avdesh Shyamsingh Shiaghar (35) from Rasulabad in Uttar Pradesh, senior inspector Madan Ballal of Narpoli police station said.

The high-decomposed body of an unidentified woman in her 30s was found wrapped in a blanket and dumped in a drain in Valpada area of the town on July 26, following which a case of murder was registered, he said.

During the probe, the police found that the victim had been in a live-in relationship with Singh, who had not reported to work since July 1, the official said.

According to the police, Singh would come home drunk from work and beat up and harass the victim.

Singh killed the woman with the help of four of his associates on July 1, dumped her body in a drain and then fled the town, the official said.

While two of the accused have been arrested, the police are on the lookout for the others, he added.